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Montevideo, June 18th 2018 - 02:05 UTC

Tag: UK households

  • Friday, February 9th 2018 - 10:45 UTC

    Bank of England expects pace of interest rate increases to accelerate

    Bank of England said rates would need to rise “earlier” and by a “somewhat greater extent” than they thought at their last review in November.

    The Bank of England has indicated that the pace of interest rate increases could accelerate if the economy remains on its current track. Bank policymakers voted unanimously to keep interest rates on hold at 0.5% at their latest meeting. However, they said rates would need to rise “earlier” and by a “somewhat greater extent” than they thought at their last review in November. Economists think the next rate rise could come as soon as May.